SB2044 - Relating To The Controlling Interest Transfer Tax.
Hawaii - 2024 Regular Session
Introduced byStanley Chang, Kurt Fevella, Troy Hashimoto
Last updated 7 months ago
6 Co-Sponsors
Establishes that the transfer or acquisition of a controlling interest in an entity that owns real property in the State shall be subject to the conveyance tax. Eliminates the dollar cap amounts of conveyance tax collections paid into the Land Conservation Fund and Rental Housing Revolving Fund. Deposits ten per cent of conveyance tax collections into the Dwelling Unit Revolving Fund for purposes of funding infrastructure programs for transit-oriented development. Effective 1/1/3000. (HD1)
STATUS
Engrossed
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